Trump threatens “large scale” tariffs on EU, Canada if they cause economic harm to the US

“If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!”

This will at least keep a lid on any optimism with regards to the euro heading into next week. The issue here isn’t so much so as this being just a verbal threat. It’s a case of the uncertainty presented as Trump can be erratic, so you never really know what to expect. That especially since the EU themselves are also taking a hard line in responding to tariffs.

This article was written by Justin Low at www.forexlive.com.